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Toronto "condo comeback" is here to stay, real estate analysts say

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During the COVID-19 pandemic, the red-hot housing market saw a frenzy of demand for single-family homes and cottages as buyers sought more space, away from urban cores. Smaller apartments in downtown Toronto languished on the market.

But the tides began to turn in 2021.

According to the Toronto Regional Real Estate Board’s (TRREB) latest data, condo apartment sales soared 155 per cent year-over-year during the spring quarter and the average selling price rose 10.8 per cent during the same timeframe.

Global's Anne Gaviola has more on the Toronto "condo comeback."

For more info, please go to https://globalnews.ca/news/8089393/toronto-condo-comeback-here-to-stay-real-estate-analysts/

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Category
U.S. & Canada
Tags
global news, condo comeback, housing market
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